There are numerous highlights to residing in Indiana, from the picturesque countryside showcasing the state’s heartland heritage to bustling cities like Indianapolis with its rising arts and culinary scene. In the event you’re presently residing in or are contemplating transferring to Indiana, then chances are high you may have a funds you’d like to remain underneath in relation to renting or shopping for a house. As of July, the median dwelling sale value in Indiana is $265,300.
If that quantity is out of your funds, don’t fear, we’ve received choices that can assist you discover a dwelling. Redfin has collected 14 of probably the most reasonably priced locations to stay in Indiana. And the very best half is that all of them have a median dwelling sale value underneath the state’s common. So learn on to study what cities made the highest 14.
#1: Gary
Median dwelling value: $79,000Average sale value per sq. foot: $74Average lease for a 1-bedroom condominium: $812Median family earnings: $31,315 Nearest main metro: Chicago, IL (30 miles)Gary, IN houses for saleGary, IN flats for lease
With a median dwelling sale value of $79,000, Gary is probably the most reasonably priced place to stay in Indiana. About 69,100 individuals stay on this metropolis and is roughly 30 miles from the closest main metropolitan metropolis, Chicago, IL. In the event you’re contemplating transferring to this space make sure that to spend a seashore day at Lake Avenue Seaside alongside the shores of Lake Michigan, cease by the Michael Jackson Household House historic landmark, and discover IDNP Miller Woods.
#2: Terre Haute
Median dwelling value: $97,620Average sale value per sq. foot: $49Average lease for a 1-bedroom condominium: $887 Median family earnings: $37,299 Nearest main metro: Indianapolis (77 miles)Terre Haute, IN houses for saleTerre Haute, IN flats for lease
Second is Terre Haute the place about 58,400 residents presently stay. The median dwelling sale value is $97,620 which is about $160K lower than the median dwelling sale value in Indiana. If you end up transferring right here, make sure that to take a look at Fairbanks Park situated alongside the Wabash River, go to the native pubs and eating places, and discover the downtown space.
#3: Muncie
Median dwelling value: $97,620Average sale value per sq. foot: $96Average lease for a 1-bedroom condominium: $819Median family earnings: $34,602 Nearest main metro: Indianapolis (62 miles)Muncie, IN houses for saleMuncie, IN flats for lease
Coming in because the third most reasonably priced metropolis to stay in Indiana is Muncie. When residing on this metropolis of 65,200 individuals, you possibly can stroll alongside the path by the White River, take a look at museums like Minnetrista Museum & Gardens and The Bob Ross Expertise, or discover the downtown Muncie space.
#4: South Bend
Median dwelling value: $129,900 Common sale value per sq. foot: $126Average lease for a 1-bedroom condominium: $861 Median family earnings: $34,602 Nearest main metro: Fort Wayne (90 miles)South Bend, IN houses for saleSouth Bend, IN flats for lease
A bit of costlier than Muncie is South Bend, the subsequent metropolis on our record. With roughly 103,500 residents in South Bend, make sure that to find museums and historic websites like Studebaker Nationwide Museum, The Historical past Museum, and the Oliver Mansion. You too can take a look at the parks alongside the St Joseph River, discover the Notre Dame campus or watch a soccer recreation in the course of the fall.
#5: Evansville
Median dwelling value: $160,000Average sale value per sq. foot: $120 Common lease for a 1-bedroom condominium: $822Median family earnings: $49,853 Evansville, IN houses for saleEvansville, IN flats for lease
House to about 115,300 residents, Evansville is the subsequent metropolis on our record. It’s situated simply throughout from Kentucky, so that you’ll discover a lot to discover in each states. In Evansville, there are numerous points of interest just like the Evansville Museum, the USS LST-325, the Victory Theatre, and Mesker Park Zoo. You too can take a look at historic locations like Angel Mounds State Historic Web site close to the Ohio River.
#6: Elkhart
Median dwelling value: $161,000Average sale value per sq. foot: $108Average lease for a 1-bedroom condominium: $1,159Median family earnings: $40,101 Nearest main metro: Fort Wayne (39 miles)Elkhart, IN houses for saleElkhart, IN flats for lease
In the event you’ve lived in Indiana for some time, it’s probably you realize of Elkhart. Nearly 53,900 residents name this reasonably priced metropolis dwelling. As soon as transferring to Elkhart you’ll need to take a look at the Wellfield Botanic Gardens, Studebaker Park, and Island Park, go to museums like Ruthmere Campus or Nationwide New York Central Railroad Museum, and discover the riverfront and downtown areas of Elkhart.
#7: Kokomo
Median dwelling value: $161,450Average sale value per sq. foot: $122 Common lease for a 1-bedroom condominium: $878 Median family earnings: $34,602 Nearest main metro: Indianapolis (62 miles)Kokomo, IN houses for saleKokomo, IN flats for lease
Think about including Kokomo to your record of cities to think about residing in for those who’re on the lookout for an reasonably priced place to maneuver to in Indiana. House to 59,600 residents, this reasonably priced city is usually a nice choice so as to add to your record. In Kokomo, you possibly can go to Foster Park the place you’ll discover the Willie the Whale statue, discover downtown Kokomo, and watch a race at Kokomo Speedway.
#8: Anderson
Median dwelling value: $169,900Average sale value per sq. foot: $95Average lease for a 1-bedroom condominium: $857Median family earnings: $37,110 Nearest main metro: Indianapolis (42 miles)Anderson, IN houses for saleAnderson, IN flats for lease
Eighth on the record is one other well-known metropolis, Anderson, the place you’ll discover the house costs are about $80K lower than the state’s common. With nearly 54,800 individuals residing in Anderson, it’s an amazing place to think about renting or shopping for a home this yr. There are many actions to do on this metropolis, like trying out out of doors areas like Killbuck Wetlands, Shadyside Lake, and the Rangeline Nature Protect. You too can discover the charming downtown space, or go to museums and websites like Anderson Museum of Artwork and the Uranus Indiana signal, amongst many different native favorites.
#9: Mishawaka
Median dwelling value: $171,750Average sale value per sq. foot: $128Average lease for a 1-bedroom condominium: $1,327 Median family earnings: $44,792 Nearest main metro: Fort Wayne (84 miles)Mishawaka, IN houses for saleMishawaka, IN flats for lease
With a inhabitants of about 51,100, Mishawaka is a superb place to think about residing in Indiana. Enjoyable actions to do in Mishawaka embody exploring the Mishawaka Riverwalk situated in Robert C. Beutter Riverfront Park, trying out the native retailers and eating places, and visiting Battell Park.
#10: Hammond
Median dwelling value: $185,000Average sale value per sq. foot: $185Average lease for a 1-bedroom condominium: $1,055 Median family earnings: $46,974 Nearest main metro: Chicago (29 miles)Hammond, IN houses for saleHammond, IN flats for lease
Coming in tenth place on our record of reasonably priced locations to stay in Indiana is Hammond. With a inhabitants of practically 77,900, Hammond is a superb space to stay in that’s not practically as large as the most important metropolitan cities in Indiana. In the event you’re going to name Hammond dwelling, plan time to discover Gibson Woods Nature Protect the place you’ll discover birds, an environmental middle, and climbing trails, take a look at Wolf Lake, and spend a seashore day at Whihala Seaside.
#11: Fort Wayne
Median dwelling value: $215,000Average sale value per sq. foot: $135 Common lease for a 1-bedroom condominium: $1,195 Median family earnings: $51,454 Nearest main metro: Indianapolis (125 miles)Fort Wayne, IN houses for saleFort Wayne, IN flats for lease
Claiming the eleventh spot on our record of reasonably priced locations to stay in Indiana is Fort Wayne. This metropolis has a inhabitants of 263,900 and you’ll discover the 110-acre Lindenwood Nature Protect, tour museums like Fort Wayne Museum of Artwork and The Historical past Heart, or take a look at the parks situated alongside St Marys River like Headwaters Park. You’ll have loads of actions to discover throughout your free time residing in Fort Wayne.
#12: Lafayette
Median dwelling value: $225,290Average sale value per sq. foot: $149Average lease for a 1-bedroom condominium: $997 Median family earnings: $46,925 Nearest main metro: Indianapolis (64 miles)Lafayette, IN houses for saleLafayette, IN flats for lease
The median dwelling sale value in Lafayette is $215,000, making it one other nice metropolis to think about transferring to this yr. There are about 70,800 individuals residing on this metropolis, giving Lafayette a city-like really feel with out the hustle and bustle. If Lafayette is town for you, you’ll want to stroll alongside Primary Avenue the place you’ll discover a lot of native retailers and eating places, take a look at Armstrong Park, and stroll over the John T. Myers Pedestrian Bridge to West Lafayette.
#13: Indianapolis
Median dwelling value: $235,000Average sale value per sq. foot: $137Average lease for a 1-bedroom condominium: $1,287 Median family earnings: $50,813 Indianapolis, IN houses for saleIndianapolis, IN flats for lease
Town of Indianapolis takes the thirteenth spot on our record. For these trying to purchase a house, the median sale value is $235,000. There may be a lot to do in Indianapolis like discovering the reveals at museums like Kids’s Museum of Indianapolis, the Indiana State Museum, and Eiteljorg Museum. You too can watch the famed Indianapolis 500 on the Indianapolis Motor Speedway, discover White River State Park, or expertise a Colts recreation at Lucas Oil Stadium.
>> Learn: Common Indianapolis, IN, Neighborhoods to Stay in 2025
#14: Jeffersonville
Median dwelling value: $251,500Average sale value per sq. foot: $152Average lease for a 1-bedroom condominium: $1,012Median family earnings: $67,566Nearest main metro: Lexington, KY (3 miles)Jeffersonville, IN houses for saleJeffersonville, IN flats for lease
Rounding out our record of probably the most reasonably priced locations to stay in Indiana is Jeffersonville. With a median dwelling sale value of $251,500 and about 51,200 residents, this mid-sized metropolis is a superb choice to think about shopping for a house in. Jeffersonville is simply throughout the river from Louisville, KY, so there’s at all times one thing new to discover in each cities. Be certain that to take a look at the charming riverfront neighborhood with native retailers and eating places, go to the Howard Steamboat Museum, or cease by Falls of the Ohio State Park.
Methodology: All cities will need to have over 50,000 residents per the US Census and have a median dwelling sale value underneath the typical median dwelling sale value in Indiana. Median dwelling sale value and median sale value per sq. foot from the Redfin Information Heart throughout April 2025. Common rental information from Lease.com April 2025. Inhabitants and median family earnings information sourced from the US Census Bureau.
